Reuters, the international news agency based in London, England and with bureaus around the globe, has broken many of the ongoing components of the ongoing Toyota crisis.
Reuters was the first to report the recall of the top-selling Prius this week and the news service has been on the competitive edge of the ever-fluctuating automotive industry story since 2000.
With Toyota’s recall now of nine of its vehicles, Camry to Corolla, Lexus to Prius, Reuters has posted a piece its calling: “Timeline: Toyota’s rise and run-up to its recall crisis.”
It begins in 2000 when it reports Toyota launched program known as “Construction of Cost Competitiveness for the 21st Century.” Its aim was to cut costs of 180 key car parts by 30 percent, saving nearly $10 billion by 2005.
The dateline is current with the latest in the series of Toyota recalls.
Here’s the link: Toyota Timeline
Article Last Updated: February 9, 2010.
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A sports, travel and business journalist for more than 45 years, James has written the new car review column The Weekly Driver since 2004.
In addition to founding this site in 2004, James writes a Sunday automotive column for The San Jose Mercury and East Bay Times in Walnut Creek, Calif., and monthly auto review and wellness columns for Gulfshore Business, a magazine in Southwest Florida.
An author and contributor to many newspapers, magazines and online publications, co-hosted The Weekly Driver Podcast from 2017 to 2024.